Drilling and Other Property and Equipment

6 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

Drilling and Other Property and Equipment

5. Drilling and Other Property and Equipment

Cost and accumulated depreciation of drilling and other property and equipment are summarized as follows (in thousands):

	June 30,			December 31,
	2023			2022
Drilling rigs and equipment	$	1,173,854		$	1,126,793
Finance lease right of use asset		174,571			174,571
Land and buildings		10,016			10,001
Office equipment and other		2,871			2,515
Cost		1,361,312			1,313,880
Less: accumulated depreciation		(222,768	)		(171,972	)
Drilling and other property and equipment, net	$	1,138,544		$	1,141,908